EU’s Russia oil ban in jeopardy as Hungary rejects sanction as ‘atomic bomb’ for economy – By James Sillars (Sky News) / May 6, 2022
Viktor Orban could veto the bloc’s planned oil embargo unless the EU comes back with proposals which recognise Hungary’s difficulties, which include an energy infrastructure pointing almost squarely towards Moscow.
Hungary has warned it cannot accept the EU’s planned ban on Russian oil as it would amount to an “atomic bomb” for its economy, threatening to scupper the bloc’s sixth sanctions package against Moscow.
Prime Minister Viktor Orban – no stranger to disputes with the bloc’s executive – told state radio he was ready to negotiate on any proposal that would meet Hungary’s interests.
But he declared that what was on the table would prove too costly.
The country sources almost 65% of its oil supplies, including refined products, from Russia.
